Levi Strauss & Co. (NYSE:LEVI) Plans Quarterly Dividend of $0.14

Levi Strauss & Co. (NYSE:LEVI) declared a quarterly dividend on Tuesday, April 7th. Investors of record on Wednesday, April 22nd will be given a dividend of 0.14 per share by the blue-jean maker on Wednesday, May 6th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, April 22nd.

Levi Strauss & Co. has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Levi Strauss & Co. has a payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Levi Strauss & Co. to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 40.3%.

Levi Strauss & Co. Price Performance

Levi Strauss & Co. stock opened at $19.63 on Wednesday. The business has a 50-day simple moving average of $20.06 and a 200 day simple moving average of $21.08. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $24.82. The company has a quick ratio of 0.94, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.50 and a beta of 1.34.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Levi Strauss & Co. had a return on equity of 25.08% and a net margin of 9.20%.The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, research analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LEVI shares. Raymond James Financial started coverage on Levi Strauss & Co. in a report on Tuesday, December 23rd. They issued an “outperform” rating and a $26.00 price objective for the company. UBS Group reiterated a “buy” rating on shares of Levi Strauss & Co. in a report on Thursday, March 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, April 1st. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a report on Thursday, January 29th. Finally, Wall Street Zen cut Levi Strauss & Co. from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.69.

Levi Strauss & Co. Company Profile

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.